Raymond James Financial Analysts Lower Earnings Estimates for Killam Apartment REIT (KMP)
Killam Apartment REIT (TSE:KMP) – Equities researchers at Raymond James Financial reduced their Q1 2018 earnings estimates for shares of Killam Apartment REIT in a research report issued on Thursday. Raymond James Financial analyst K. Avalos now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.21. Raymond James Financial also issued estimates for Killam Apartment REIT’s Q2 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.91 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.23 EPS and FY2019 earnings at $0.96 EPS.
Separately, Desjardins reiterated a “buy” rating on shares of Killam Apartment REIT in a research note on Monday, November 6th.
Killam Apartment REIT (TSE:KMP) last released its quarterly earnings data on Tuesday, November 7th. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.06). Killam Apartment REIT had a return on equity of 16.40% and a net margin of 75.41%.
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About Killam Apartment REIT
Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.
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